
Retykle
Retykle is Asia’s largest resale platform for buying and selling designer baby, children's & maternity fashion, gear and toys.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor | €0.0 | round |
N/A | €0.0 | round | |
N/A | €0.0 | round | |
* | N/A | Seed | |
Total Funding | 000k |
USD | 2021 | 2022 | 2023 |
---|---|---|---|
Revenues | 0000 | 0000 | 0000 |
EBITDA | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Retykle, founded in 2016 by Sarah Garner, has established itself as a prominent online consignment platform in Asia, focusing on high-end children's and maternity apparel, accessories, and gear. Garner's background in luxury fashion, including roles at Lane Crawford, LVMH, and Richemont, provided her with deep industry insights that shaped Retykle's business model. The venture was born from her firsthand experience as a mother, recognizing the rapid turnover of children's clothing and the subsequent waste.
The company operates a consignment-based business model, targeting parents who seek value and sustainability. For sellers, Retykle offers a comprehensive service that includes free home pick-up, item processing, professional photography, pricing, and listing on its e-commerce site. This approach removes the typical hassles associated with peer-to-peer resale. Once an item is sold, the seller receives a percentage of the sale price, creating a revenue stream from underutilized items. For buyers, the platform provides access to over 2,500 designer brands, such as Bonpoint and Jacadi, at prices up to 90% off the original retail value.
Retykle's core mission is to promote a circular economy within the fashion industry by extending the life cycle of clothing. By facilitating the buying and selling of pre-owned items, the company helps to reduce landfill waste and the environmental impact of fashion production. The platform has expanded its physical presence beyond its online store with pop-up shops and a permanent retail location in Hong Kong, broadening its customer reach. Since its inception, Retykle has processed hundreds of thousands of items, demonstrating significant market traction and community engagement.
Keywords: circular fashion, children's apparel, consignment, resale platform, sustainable e-commerce, maternity wear, secondhand luxury, pre-owned clothing, kids fashion, circular economy